Cannabis-infused products and oils, waxes and tinctures are becoming more and more mainstream, which is leading to new competitive threats occurring with alarming regularity. Then, when you throw in the fact that most normal insurance policies won’t cover non-FDA-approved therapies, you can see that there is a huge business risk if something happens to your product during the manufacturing process.
No business is going to be able to handle a major loss of products without serious financial implications, and insurance is something that needs to be approached as an integral part of doing business instead of just another expense to minimize.
What is Marijuana Infused Product Insurance?
This is an insurance policy that is specifically formulated to cover you and your marijuana-infused products.
Who Can I Get Insured With?
With a specific focus on marijuana-infused edibles insurance, Cannasure understands the important of being insured against any and all eventualities. We can provide you with the peace of mind that you require in order to focus your energies on maintaining your successful business. We have a number of relationships with AM best rated A or better insurance providers, which allows us to provide you with a tailored solution that is relevant and unique to your business.
Among others, we have extensive experience working with:
- Infused carbonated beverage bottlers
- Medicated edible treat bakeries and manufacturers
- Companies manufacturing oils, tinctures and cannabis extract capsules
We provide our customers with sound advice based upon our industry knowledge and the many issues surrounding it. We draw upon our risk management surveys to assist with formulating an insurance plan that takes your needs and concerns into consideration while meeting all of your expectations, and we strive to provide flexible options.
What Type of Coverage is Offered with Marijuana Infused Product Insurance?
We provide true product liability insurance with the express goal of ensuring that you and your marijuana-infused products are sufficiently protected. Please note that as with all other insurance products, there are certain terms and conditions which have to be met in order for your infused product manufacturer insurance policy to remain valid and for you to be able to make a claim.
What is Required to Qualify for This Insurance?
There are a number of things that you will need to ensure your facilities are in good working order and meet the required standards for the insurance policy. We will go over these requirements and provide a full breakdown of the terms and conditions for your reference when you contact us to discuss your options. Please bear in mind that these requirements must be maintained to a certain standard in order to ensure that the policy remains in force and that you are adequately covered.
How Do I Get Insured?
As with any insurance policy, there are exclusions, so feel free to contact us to discuss these. Do not hesitate to contact us today to get your medical marijuana edibles insurance in place.